Data and information management is a key strategic priority for Dell Software, which snapped up StatSoft for an undisclosed sum.
Technology giant Dell made a move to grow the company's portfolio of information management solutions and enhance its approach to data management with the acquisition of StatSoft, a provider of analytics solutions that deliver data mining, predictive analytics and data visualization capabilities. Terms of the transaction were not disclosed.
StatSoft contains sophisticated algorithms for predictive analytics, machine learning and statistical analysis, enabling companies to find meaningful patterns in data. Its offerings span from desktop data modeling and analytics to more robust deployments aimed at enterprises.
The StatSoft platform joins such tools as Toad, Spotlight on SQL Server Enterprise, Shareplex, Boomi, Toad Business Intelligence Suite and Kitenga Analytics to further round out Dell Software's portfolio of information management solutions.
A September 2013 report from IT research firm Gartner found that of the nearly two-thirds (64 percent) of organizations investing or planning to invest in big data technology, 30 percent have already invested, 19 percent plan to invest within the next year and an additional 15 percent plan to invest within two years.
From a regional point of view, North America continues to lead investments with 38 percent of organizations surveyed saying that they have invested in technology specifically designed to address the big data challenge.
"StatSoft's advanced analytics software has a long track record of proven success across a wide variety of predictive analytics and data mining applications including agile manufacturing, pharmaceuticals, risk management, fraud detection, and research," Paul Lewicki, founder and CEO of StatSoft, said in a statement. "Together with Dell, we can create new opportunities for customers to better leverage the growing volumes of data that are quickly becoming the lifeblood of organizations of all sizes, and further advance StatSoft's mission of making the world more productive."
The addition of StatSoft fits seamlessly with Dell Software's strategy to offer a complete set of platform-agnostic information management tools that help companies manage, integrate and analyze data on-premises and in the cloud.
"With the rapid explosion of data comes the opportunity for organizations to gain deep insight into their business processes in order to facilitate better decision making and maximize profitability," Matt Wolken, vice president and general manager of information management at Dell Software, said in a statement. "The acquisition of StatSoft gives Dell's customers access to a proven advanced analytics solution that delivers the predictive and prescriptive analysis capabilities businesses need in order to make faster, more accurate decisions."
Founded in 1984, StatSoft is headquartered in Tulsa, Okla., and operates worldwide through offices and partners in 25 countries. Its products are available in several languages.
The company's software is available in single-user versions (for individual end users), in the form of network or concurrent multiuser packages, and as enterprise systems (with extensive groupware functionality) integrated with a data warehouse.
"In addition to being a great fit for Dell Software's product portfolio by delivering technology that addresses the latest market trends, StatSoft mirrors Dell's focus on creating tools that are simple and affordable enough for midmarket organizations yet comprehensive enough for even the largest enterprises with the most complex data environments," Wolken said.